Three Wealthy Guys Who Saw the Stock Drop Coming (like I did)

Here's Robert Kiyosaki, best known for his books on financial education, starting with Rich Dad, Poor Dad.  He's been a professional investor for much of his life, he and his wife Kim own hundreds of apartments and other real estate, and continues to write and teach about financial education.  This talk was published in January 2018. At 30:00 in this video, Robert shows a series of news clips from 2005 and later where he called for the collapse of Lehman Brothers, a huge investment bank that went bankrupt and was a key turning point in the Great Recession of 2008.

He first predicted an economic collapse in 2016 in a book in 2002.  What he didn't foresee was the trillions in cheap money pumped into the economy to buoy it up after the Great Recession of 2007-2009.  That cheap money helped the markets stay afloat longer than should have happened, but the result, though delayed, is inevitable.

Peter Schiff is the founder of Euro Pacific capital, and a long time enthusiast in gold as an asset.  This link below is the Peter Schiff Podcast #403, published on October 24th, 2018.  That's three days ago as I write this, and a day of huge losses in the stock market, including a 4.43% drop in the Nasdaq, (the tech-centered stock exchange) the third biggest point drop ever on the Nasdaq.  This is Peter's take on why the stock market is dropping so fast (8% to 14% in October alone).  The title of this podcast is: "Will Fed Capitulation Forestall Stock Market Crash?"



Jim Rogers is continually introduced as a legendary investor, and the co-founder of the Quantum Fund.  In 1973, Rogers and George Soros left their jobs, created the Quantum Fund, and brought in 4,200% returns between 1973 and 1980.  At 76 years old, Jim has pretty much seen it all and done a lot of it, including driving around the world twice. He moved to Asia years ago, and sees that part of the world rising to dominance in the 21st century.  Both of his daughters speak fluent Mandarin.

"The next time we have a bear market, or a problem in the U.S., it's going to be the worst in my lifetime..."  Jim Rogers, age 76, this interview took place in May 2018.